NOT LISTED FOR SALE

723 E Cottonwood Rd Palm Springs, CA 92262

El Mirador Neighborhood

Estimated Value: $1,102,562 - $1,256,000

8 Beds
8 Baths
3,455 Sq Ft
$344/Sq Ft Est. Value

Last Sold August 13, 2021

Last sale price $1,026,500 $297 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,660/month

8 Days on Market

Highlights

  • In Ground Pool
  • Mountain View
  • Laundry Room
  • Palm Springs High School Rated A-
  • Side by Side Parking
  • Central Heating and Cooling System

About This Home

As of August 2021

Lushly landscaped 4 unit Apartment Compound located in the highly desirable El Mirador area of Palm Springs. Unit mix is ideal for owner/user or wealth storage income investment. Units consists of 3-2+2's all on month to month and a separate 2 bedroom 2 bath owners unit with private 600 sq. ft. semi enclosed patio that opens to the pool. Huge upside in potential rents. Owner unit to be vacated after close of escrow Please do not disturb tenants. G.R.M. is based on projected rents.

Last Agent to Sell the Property

Alan Wachman

Miller & Desatnik Realty Co. License #01047592 Listed on: 06/24/2021

Last Buyer's Agent

James Crane

License #01295289

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,232

Year Built

  • Built in 1976

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 105x125

Interior Spaces

  • 3,455 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • Side by Side Parking
  • Uncovered Parking

Pool

  • In Ground Pool

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Electric Water Heater

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for electricity, pool service, water, gardener
  • Assessor Parcel Number 507-042-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,232

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3455
  • Lot Acreage: 0.2600
  • Lot Dimensions: 105x125
  • Stories: 1
  • Year Built: 1976
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 298.12

Exterior Features

  • Other Structures: None
  • Pool Description: In Ground
  • Pool: Yes
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Side By Side, Uncovered
  • Total Parking: 6

Utilities

  • Water Heater: Electric
  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Water: Water District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 306000
  • Assessed Land Percent: 40
  • Assessed Land Value: 204000
  • Total Assessed Value: 510000
  • Assessor Parcel Number: 507-042-003
  • Lot Size Area: 10500

Rental Info

  • Land Lease Type: Fee
  • Owner Pays: Electricity, Pool Service, Water, Gardener
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.70
  • Number Of Units: 4
  • Total Annual Expense: 23100
  • Type Of Units: Flats
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2021
Closed on
Jul 7, 2021
Sold by
Strickland Ron and Strickland Ronald
Bought by
Accetura Robert Joseph and Scarano Vincent Louis
Seller's Agent
Alan Wachman
Miller & Desatnik Realty Co.
Buyer's Agent
James Crane
List Price
$1,030,000
Sold Price
$1,026,500
Premium/Discount to List
-$3,500
-0.34%
Current Estimated Value
$1,188,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,641
Avg. Annual Appreciation
3.69%
Original Mortgage
$769,875
Outstanding Balance
$700,055
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$488,086

Purchase Details

Closed on
May 3, 2005
Sold by
Campbell Properties
Bought by
Strickland Ron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$486,500
Interest Rate
1.37%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 14, 2005
Sold by
Nehl Peter Walden
Bought by
Campbell Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2003
Sold by
Caisse John Stephen
Bought by
Bernie Maxx International

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 2003
Sold by
Bernie Maxx International
Bought by
Nehl Peter Walden

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 1999
Sold by
Abell Christopher A and Abell Petra A
Bought by
Caisse John Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
10.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 1997
Sold by
Home Svgs Of America Fsb
Bought by
Abell Christopher and Abell Petra A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
7.23%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 5, 1997
Sold by
Samuel Belna
Bought by
Home Svgs Of America Fsb
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Accetura Robert Joseph $1,026,500 North American Title
Strickland Ron -- Chicago Title Company
Campbell Properties $605,000 Chicago Title Co
Bernie Maxx International -- Chicago Title Co
Nehl Peter Walden -- Chicago Title Co
Caisse John Stephen $182,500 First American Title Co
Abell Christopher $112,000 Investors Title Company
Home Svgs Of America Fsb $96,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Accetura Robert Joseph $769,875
Previous Owner Strickland Ron $486,500
Previous Owner Campbell Properties $605,000
Previous Owner Nehl Peter Walden $440,000
Previous Owner Caisse John Stephen $12,000
Previous Owner Caisse John Stephen $30,000
Previous Owner Caisse John Stephen $204,000
Previous Owner Caisse John S $25,000
Previous Owner Caisse John Stephen $146,000
Previous Owner Abell Christopher $132,000
Previous Owner Abell Christopher $89,600
Closed Abell Christopher $11,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2021 08/13/21 Sold $1,026,500 -0.3% $297 / Sq Ft
07/02/2021 07/02/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $1,030,000 -- $298 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,232 $1,089,329 $265,302 $824,027
2023 $14,232 $1,047,030 $255,000 $792,030
2022 $14,501 $1,026,500 $250,000 $776,500
2021 $8,955 $555,900 $222,360 $333,540
2020 $7,497 $510,000 $204,000 $306,000
2019 $7,383 $500,000 $200,000 $300,000
2018 $7,385 $500,000 $200,000 $300,000
2017 $6,822 $453,000 $170,000 $283,000
2016 $6,536 $431,000 $163,000 $268,000
2015 $10,857 $806,060 $202,963 $603,097
2014 $5,388 $360,000 $108,900 $251,100
Source: Public Records

Agents Affiliated with this Home

  • Alan Wachman

    Seller's Agent in 2021

    Alan Wachman

    Miller & Desatnik Realty Co.

    (310) 202-9166

    1 in this area

    8 Total Sales

    Alan Wachman
    Section Image

  • J

    Buyer's Agent in 2021

    James Crane

See All Agents

Map

Source: The MLS

MLS Number: 21-754254

The MLS

APN: 507-042-003

California Riverside County Palm Springs 92262 El Mirador

723 E Cottonwood Rd, Palm Springs, CA

This home is located at 723 E Cottonwood Rd, Palm Springs, CA 92262 since 24 June 2021 and is currently estimated at $1,188,141, approximately $343 per square foot. This property was built in 1976. 723 E Cottonwood Rd is a home located in Riverside County with nearby schools including Katherine Finchy Elementary School, Raymond Cree Middle School, and Palm Springs High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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